(FREL)

FREL trades at $27.91, 32.9% above the near-term max pain of $21 expiring Sep 19, 2025 (10 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is rising across expirations ($7-$24), reflecting growing call interest at higher strikes. Key magnetic zone at 24 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.

Max pain for FREL shows an upward trend from 7 to 24, suggesting bullish positioning in longer-dated options. The 86% spread signals divergent expectations across timeframes. Most levels below 27.91 may cap rallies. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.